Variable Frequency Drive Market Industry Outlook & Future Forecast Report Till 2025: Grand View Research Inc. by sonali_86 · January 29 Cheap Shaquem Griffin Jersey , 2019
San Francisco, 29 January 2019:聽The Report聽Variable Frequency Drive (VFD) Market聽Size, Share & Trends Analysis Report By Product (AC, DC, Servo), By Power Range (Micro Cheap Chris Carson Jersey , Low, Medium, High), By Application (Pumps, HVAC, Conveyers) Cheap Russell Wilson Jersey , By End-Use, And Segment Forecasts, 2018 – 2025
The global聽variable frequency drive (VFD) market聽size is expected to reach USD 33.10 billion by 2025, according to a study conducted by Grand View Research, Inc., posting a CAGR of 6.7% during the forecast period. Growing awareness and demand for energy efficiency Ugo Amadi Jersey , favorable government norms and regulations, and rising technological advancements are likely to provide a fillip to the market. Integration of VFDs with electric drives enable end-users to control the speed and torque of drives. It thereby, helps in increasing their operating efficiency and concurrently reducing the energy consumption.
A large number of VFD manufacturers such as ABB, Ltd., Danfoss Global, Siemens AG Phil Haynes Jersey , and Schneider Electric SE are developing differentiated products on the basis of functionalities, along with integrated sensors, to maintain their strong foothold in this price sensitive arena. Asia Pacific is projected to dominate the market during the forecast period due to improving economic conditions and rapid industrialization. Additionally, increasing commercial activities are augmenting the market in the region.
Stringent government regulations mandating the use of energy efficient devices, along with increasing energy prices, are also encouraging deployment of VFDs across multiple market domains. Additionally Gary Jennings Jr. Jersey , rising investments in promoting energy efficiency are escalating the growth of the variable frequency drive market.
Access Research Report of Variable Frequency Drive Market @聽 Further key findings from the study suggest:
AC VFDs offer easy integration and low maintenance cost. Therefore, the segment is expected to emerge as the leading as well as the fastest growing segment over the forecast period Demand for VFDs is estimated to increase in the pumps application segment owing to increasing penetration of these drives in hydraulic operations across the oil & gas and wastewater industries. Latin America is anticipated to be the fastest-growing region over the forecast period due to spiraling adoption of VFDs across emerging industrial sectors in the region Some of the prominent industry players are ABB, Ltd.; Siemens AG; Schneider Electric SE; Rockwell Automation; Inc.; Danfoss Global; and WEG. Browse more reports of this category by Grand View Research at:聽 Grand View Research has segmented the global variable frequency drive market based on product type, power range, application, end-use Cody Barton Jersey , and region: Variable Frequency Drive Product Type Outlook (Revenue, USD Million, 2014 – 2025)
AC Drives DC Drives Servo Drives Variable Frequency Drive Power Range Outlook (Revenue, USD Million, 2014 – 2025)
Micro Low Medium High Variable Frequency Drive Application Outlook (Revenue, USD Million D.K. Metcalf Jersey , 2014 – 2025)
Pumps Electric Fans Conveyors HVAC Extruders Others Variable Frequency Drive End-Use Outlook (Revenue, USD Million, 2014 – 2025)
Oil & Gas Power Generation Industrial Infrastructure Automotive Food & Beverages Others Variable Frequency Drive Regional Outlook (Revenue, USD Million, 2014 – 2025)
North America Europe Asia Pacific Latin America MEA Access Press Release of Variable Frequency Drive Market@聽 About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company Marquise Blair Jersey , registered in the State of California and headquartered in San Francisco. The聽company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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